FAS 0.00% 0.4¢ fairstar resources limited

Ann: Removal from Official List, page-26

  1. 251 Posts.
    lightbulb Created with Sketch. 9
    I'm not sure that's what FAS is doing, as I'm not convinced they could in this case, but:


    What is 'Crystallization'

    Crystallization is the act of selling and buying stocks almost instantaneously in order to increase or decrease book value. This is a routine method used by many investors and companies to change book values without changing beneficial ownership.
    BREAKING DOWN 'Crystallization'

    An example of this occurs when an investor needs to take a capital loss for a particular stock, but still believes the stock will rise. Thus, he/she would crystallize the paper loss by selling the stock and buying it back right away.

    Most tax agencies have regulations (such as the wash-sale rule) to prevent taking a capital loss in this fashion.
 
watchlist Created with Sketch. Add FAS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.